Restaurant News Resource - Champps Entertainment Restaurant Industry News

Entertainment, Inc. (Nasdaq:CMPP) today announced that it has agreed to provide F&H Acquisition Corp. and its equity sponsors, Newcastle Partners L.P., Newcastle Special Opportunity Fund III, L.P. and Steel Partners II, L.P., additional time to complete the financing of F&H's proposed acquisition of Champps.

Total revenues for the fourth quarter decreased 4.7 percent to $47.1 million, compared with revenues of $49.4 million for the fourth quarter of last year.

Champps Entertainment, Inc. (NASDAQ:CMPP), a leading operator of casual dining restaurants today announced that it has entered into a definitive agreement to be acquired by F&H Acquisition Corp., the holding company for Fox & Hound Restaurant Group, for $5.60 per share in cash, or an aggregate purchase price of $74.8 million.

Champps Entertainment, Inc. (NASDAQ: CMPP) today announced that the special committee of its board of directors that had been exploring a sale of the Company has terminated the sale process.

Total revenues for the third quarter decreased 4.8 percent to $49.2 million, compared with revenues of $51.7 million for the third quarter of last year.

Champps Entertainment, Inc. (NASDAQ:CMPP), owner and operator of 50 company-operated and 13 franchised/licensed Champps restaurants nationwide, announces that the company has entered into Managing Partner Bonus Agreements with nine of its General Managers and into Market Partner Bonus Agreements with two of its Directors of Operations.

Total revenues for the third quarter increased 0.2% to $54.2 million.

Champps Entertainment, Inc. (Nasdaq: CMPP) today announced the closure of three restaurants as part of its ongoing restaurant portfolio review and real estate rationalization efforts.

Champps Entertainment, Inc. (NASDAQ: CMPP) announces the promotion of Angie Simmons to Vice President, Training & People Development and Tim Johnson to Vice President, Purchasing & Beverage.

Champps Entertainment Inc. of Colorado is looking at closing as many as five underperforming restaurants.